Listings in NJ have increased, but remain well below 2024 levels. Our Feb market update
Overall, New Jersey had a total of 11,851 active home listings in February, including 6,902 new listings. This was a 4.96% decrease from last year, but a 7.11% increase from January 2025, according to Realtor.com's monthly market data. The state also had a median listing price of $544,950, which was 1.5% more than last year and 1.86% more than last month.
As for the number of days active listings stayed on the market, listings in the Garden State typically stayed up for about 44 days. This was 14.29% more days than this time last year, but 23.48% fewer days than January 2025, according to Realtor.com.
And across the nation, February marked the 16th straight month of housing inventory growth, with a 27.5% increase, according to Realtor.com's Monthly Housing Market Trends Report. The median price of homes for sale in February was $412,000, down 0.8% from last year, and homes spent about 66 days on the market.
Mortgage rates also dipped, although only slightly, during February. Rates for a 30-year fixed mortgage ranged from 6.76% to 6.89% and rates for a 15-year fixed mortgage ranged from 5.94% to 6.09%, Freddie Mac reported.
Here's a breakdown of how North Jersey's real estate market performed in February, based on data from Realtor.com:
Fifteen of New Jersey's 21 counties had a decrease in new listings compared with February 2024, with seven of them declining by more than 10%. But 17 New Jersey counties had an increase in new listings compared with January 2025, with 12 of them growing by more than 10%.
North Jersey's spring market is kicking off a bit slower than it was this time last year, with Bergen, Passaic, Morris and Sussex all seeing decreases in new listings — with three of them being by more than 17% — compared to February 2024. On the other end, Essex and Hudson counties saw an increase in new listings during this time.
Bergen: 592 new listings (-2.63%)
Passaic: 202 new listings (-17.89%)
Morris: 300 new listings (-20.63%)
Essex: 412 new listings (13.81%)
Sussex: 144 new listing (-21.74%)
Hudson: 376 new listings (0.53%)
When compared with January, Morris was the only North Jersey county that had a decrease in new listings at 20.63%. Otherwise, all other North Jersey counties saw increases in new listings during this time as the region's spring market starts to heat up.
Bergen: 7.64%
Passaic: 5.21%
Essex: 24.1%
Sussex: 12.5%
Hudson: 18.24%
Fourteen New Jersey counties had active listings stay on the market for a longer period of time compared with February 2024. And when compared with January 2025, active listings stayed on the market for a shorter period of time in all of New Jersey's 21 counties.
In North Jersey, Morris, Essex, Sussex and Hudson counties had active listings stay on the market for more days in February than this time last year. Meanwhile, Passaic County had active listings stay on the market for less days in February than this time last year, while Bergen County saw no change.
Bergen: 33 days (0%)
Passaic: 31 days (-10.29%)
Morris: 31 days (9.91%)
Essex: 33 days (8.2%)
Sussex: 50 days (12.36%)
Hudson: 41 days (0.61%)
When compared with the previous month, active listings in all North Jersey counties stayed on the market for significantly less days in February as buyer demand has increased from the start of the new year.
Bergen: -39.25%
Passaic: -25.61%
Morris: -37.11%
Essex: -36.54%
Sussex: -13.04%
Hudson: - 22.54%
As it has for the last several months, and the last several years, median listing prices have increased in most New Jersey counties. Eighteen New Jersey counties saw median listing prices increase from February 2024, while eight New Jersey counties saw median listing prices increase from January 2025.
Sussex and Hudson counties were the only places in North Jersey that saw median listing prices decrease from this time last year. Sussex County had a 0.63% decrease with a median listing price of $399,950, while Hudson County had a 5.76% increase with a median listing price of $612,500. Otherwise, all other North Jersey counties saw an increase.
Bergen: 2.62%
Passaic: 4.23%
Morris: 0.07%
Essex: 9.98%
Compared with January 2025, Bergen and Hudson counties saw an increase in median listing prices. But on the other end, the counties of Passaic, Morris, Essex and Sussex saw a decrease in median listing prices.
Bergen: 1.87%
Passaic: -1.43%
Morris: -1.1%
Essex: -0.56%
Sussex: -3.33%
Hudson: 0.25%
Here's how all 21 New Jersey counties performed in February, according to Realtor.com:
Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@gannett.com.
This article originally appeared on NorthJersey.com: NJ real estate: How market performed in February 2025
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